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Five Ways To Profit From Gold’s Steady Advance in 2009
Gold hit two historic milestones in 2008.
First, it hit its all-time high of $1,030 an ounce in early March.
Just three months later, the price of gold for December delivery fell to $681 an ounce, a 21-month low and 33.9% drop from its record high.
Most gold bugs were equal parts heartbroken and puzzled. Global stock markets tanked alongside the world’s biggest economies. But so did gold, which is widely considered to be a safe haven investment when everything else in spiraling south.
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Three Ways to Know When the Credit Crisis Hits Bottom
"Have we seen the worst from the financial sector?"
The question – a very good one – came from an audience member following my global investing presentation at the Agora Wealth Symposium in Vancouver, British Columbia.
During my entire time there, the interest in the ongoing credit crisis was intense.
I took a deep breath and launched into my three-point response. First, I’m encouraged by what I see lately but still believe there is a fair distance to travel before all the skeletons are cleaned out of the financial sector’s closet.
There is a growing body of data that suggests banks have recognized…
8Dec2008 | Money Morning | 0 comments | ContinuedInsights on Income: Magnify Your Returns With Investments in Foreign Currencies
In a recent column, I suggested that investors seeking income (which means most of us aged 55 or older) could do better in foreign stocks than in domestic shares, especially since options-obsessed corporate managers have slashed U.S. dividend payouts in order to protect their yearly bonuses.
In this column we’re going to explore income alternatives available from short-term investments in foreign currencies, a strategy that capitalizes on both the general sogginess of the dollar and the higher yields available from some markets abroad.
Investments in short-term foreign-currency assets can potentially offer much better returns than U.S. investments for income investors, for the following reasons:
-The United…
1Aug2008 | Money Morning | Comments Off | ContinuedThe Five Best Ways to Invest in Gold Today
When times are tough, gold soars.
And frankly, the economy has been tough: $4 gasoline, the housing crisis, rampant inflation, plummeting stocks…
But all the while, gold prices vaulted a cool 43.25% in the past year.
Missing out on gold is already costing investors a pretty penny. What’s more, most experts are forecasting gold prices to rise at least another 56% by the end of this year.
So, how does one profit from gold? It’s simple. You don’t have to wade through a plethora of flashy web sites offering bullion or risk it all on a junior mining company.
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30Jul2008 | Money Morning | Comments Off | ContinuedSilver Prices Ready to Rocket; Four Reasons Why and Two Ways to Buy
Silver prices have vaulted an extraordinary 106% in the past two and a half years.
More impressive, silver prices have gained 33% since mid December.
Now, compare that to how U.S. stocks have fared since then: The Dow Jones Industrial Average has plunged 13.6%; The Nasdaq Composite Index tumbled 10.5%; The S&P 500 Index has fallen 11.1%.
Like gold, silver is a safe haven from inflation and a weak dollar. The prices of the two metals often move parallel to one another. However, silver is poised to rocket – handing investors not only gains in our bear-market economy, but steeper…
7Jul2008 | Money Morning | Comments Off | Continued
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